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WorldCom Settlements Top $3.5 Billion as Four More Investment Banks Agree to Pay Up
Four investment banks agreed Wednesday to pay a total of $428.4 million to settle claims stemming from a class action lawsuit brought by former shareholders of WorldCom Inc. The settlements with Amsterdam-based ABN AMRO Bank, Mitsubishi Securities International PLC, BNP Paribas Securities Corp. and Mizuho International bring the total amount paid by investment banks to settle the suit to $3.56 billion, the largest recovery ever achieved in a securities class action.
March 10, 2005 at 12:00 AM
1 minute read
By Mark Johnson |
Updated on March 10, 2005
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